QUALITY MANAGMENT OF A HISTOGRAM AND A PARETO CHART Essay

QUALITY MANAGMENT OF A HISTOGRAM AND A PARETO CHART - Essay Example The most useful chart for the data is the Pareto chart because it shows the prioritization of the corrective actions. The shown data could also be communicated using a frequency polygon. A frequency polygon is a graphical representation that is used in understanding the distribution shapes of data (Atchison and Ross 57). They have a similar role as the histogram but useful in making the comparison of a data set. From the two graphs, it is evident that the Competitive priority of Golden Yalley bank is reducing with time. This is evidenced by the reduction of the frequency with the increase in the decision process time. This shows that the department was not doing so well if compared to other competitors with an increasing trend of their frequency. The frequency reaches its maximum at around 13 to 15 hours implying that the manager should consider this decision process time as the optimum time for maximum loan